Get 2014 I-023 Wisconsin Schedule Os, Credit For Net Tax Paid To Another State - Revenue Wi

Filling out the 2014 I-023 Wisconsin Schedule OS can seem complex, but this guide will walk you through each section step-by-step. By following these instructions, you can efficiently complete the form and ensure that you receive the credit for net tax paid to another state.

Follow the steps to fill out the Schedule OS accurately.

1. Click ‘Get Form’ button to obtain the form and open it in your editor.
2. At the top of the form, enter the name(s) as shown on your Wisconsin Form 1, 1NPR, or 2, along with your identifying number.
3. In Part I, list your income from the other state(s). Enter the postal abbreviation for each state in the designated space. Fill in the amounts for each income type, ensuring to use no commas or cents.
4. Add the total income from lines 1 through 12 for each state and enter the totals on line 13.
5. Proceed to line 24 and calculate the total income taxed by the other state by subtracting line 23 from line 13.
6. In Part II, start by entering the postal abbreviation for the state to which tax was paid on line 25.
7. On line 26, enter the income taxable to both Wisconsin and the other state, as per the form's instructions.
8. Fill in line 27 with the total income taxed by the other state before considering any deductions or exemptions.
9. For line 28, refer to the income tax return from the other state and enter the net tax amount after credits.
10. Determine if the amounts in lines 26 and 27 are the same. If they are, leave line 29 blank and fill in line 30 with the amount from line 28. If they differ, follow the instructions provided regarding calculations.
11. Multiply the amount from line 28 by the appropriate figure on line 29, rounding to the nearest dollar for line 30.
12. Proceed to lines 31 through 35, entering any additional tax information as required and summing up the total amounts.
13. Finally, on line 37, fill in the smaller of line 35 or line 36 to complete your credit for tax paid to another state.
14. After reviewing your entries for accuracy, save the document, download it for your records, print it if necessary, or share it as required.

Complete your forms online today and ensure your credits are filed correctly.